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Parallelchannels

TSLA Major Confluence Long Signal!Going to keep this simple. We have a touch on the bottom of the descending parallelly channel, a major horizontal support line, and the golden pocket. This is a very bullish setup for TSLA to bounce. Stops should be placed below golden pock with the right position size and risk management to protect your account incase the bears manage to push the price through this major support. Love it or hate it, hit that thumbs up and share your thoughts below! Every day the charts provide new information. You have to adjust or get REKT. Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
NASDAQ:TSLALong
by rnaofs
My Price Analysis of LINKBTC on December 10, 2022Hello friends. Today, according to the LINKBTC chart, I noticed that the chart is generally going down and I have drawn the short-term channel in the 1-hour time frame. The formation of EMAs of 50, 100 and 200 assures that the market is bearish. On the other hand, this arrangement is being formed in the 2-hour time frame. On the other hand, the MACD indicator gives a buy signal. My analysis of this signal is that it can either be a fake signal or a short-term signal that will return to its downward channel after encountering the upcoming resistance. and continue its downward trend.
Short
by Saleh_Toodarvari
Harmonic Pattern with Multiple Confluence for Point X and DThis is an example of regression channel with harmonic pattern. By using Simple OHLC Custom Range Interactive, we able make confluence point (blue) to get Point X of Bullish Butterfly. There are many confluence points (orange flag and teal table), which shows Point D of Butterfly starting to complete. For Point D, best to monitor price changes using RSI or other similar RSI (Cyclic RSI, etc). Indicator used : 1. Regression Channel Alternative MTF 2. HH-LL ZZ 3. XABCD Harmonic Pattern Custom Range Interactive 4. Simple OHLC Custom Range Interactive 5. Cyclic RSI High Low With Noise Filter
MYX:FKLI1!Education
by RozaniGhani-RG
BTCUSDT - Gartley <3Again Gartley .. Pulling Fibs and channel.. At the moment strong daily, undoubtedly strong daily but massive monthly and key level to break 17.5k .. Hitting lower than 16.5 to 16.2 would break confidence back to the upside. What would you do if the price hit 16.2k? : ) (Dont answer) I like the range I've drawn. Green parallel channel. I don't believe in Bearish/Bullish channels, its too far into the future as it is. Nice to see a flip 17.6k to 19.2K Eye on the ball, were on a downtrend, eye open for a trend reversal.
by hmaroudas
1
Burl Ives trade not looking too good right now (Silver & Gold)As the DXY rises, commodities generally will fall. Even though GOLD sometimes is thought of as more of a defensive asset and inflation hedge, that theory has been moot lately. SILVER and GOLD (the Burl Ives trade) will continue to languish in these downward channels on the weekly charts as long as the dollar is remaining strong. They are both extremely oversold on the RSI, but with the dollar as a headwind, the oscillators and indicators don't matter as much. Gold and Silver are essential for electronics; especially those to do with space and healthcare. but would be a no-touch area for me personally until I see the DXY break below 110 with an apparent break in the upward trend. If high inflation can't get Gold going, then I don't know what can. If the dollar does drop and the momentum for commodities changes, I would be looking to buy GOLD at 1600, SILVER at 18, then sell GOLD around 2,100, and SILVER around 27.
TVC:SILVER
by EBITDAtiger
btc continue downward movementhello guys i really think btc is on descending parallel channel and it continue its downward movement until reach to important target... on the other hand, it touch too many times top of parallel channel and make this line so week so be aware of possibility of break up... personally don't get this position it is risky for me but still it is possible... always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment.
Short
by melikatrader94
9
GOING SHORT IN NZDUSDAccording to my technical analysis, It is forming an ascending parallel channel by creating a bullish Rally. According to the DOW Theory, it is forming Higher Highs and Higher Lows. When I pick a trade it is already creating a new High and it needs to be retraced back to create a new Higher Low. If we see the previous Higher High then it also creates a Shooting Star on Higher High for a retracement. It again creates a shooting star pattern on Higher High so hopefully, it will retrace back to create the new Higher Low. Let's see what happens next
Short
by hassamsaeed